Consol Energy Inc. (NYSE:CNX)‘s stock had its “buy” rating reiterated by analysts at FBR & Co in a note issued to investors on Thursday. They presently have a $22.00 price objective on the stock. FBR & Co’s price objective points to a potential upside of 11.56% from the company’s previous close.
CNX has been the subject of several other reports. Zacks Investment Research downgraded shares of Consol Energy from a “hold” rating to a “sell” rating in a report on Monday, July 4th. Jefferies Group lifted their price objective on shares of Consol Energy from $19.00 to $20.00 and gave the stock a “buy” rating in a report on Wednesday, July 27th. KLR Group downgraded shares of Consol Energy from a “buy” rating to an “accumulate” rating and lifted their price objective for the stock from $17.00 to $20.00 in a report on Monday, July 18th. Howard Weil lifted their price objective on shares of Consol Energy from $20.00 to $22.00 and gave the stock a “sector perform” rating in a report on Wednesday, July 27th. Finally, Vetr raised shares of Consol Energy from a “buy” rating to a “strong-buy” rating and set a $20.30 price objective for the company in a report on Wednesday, August 10th. Ten equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $15.79.
Consol Energy (NYSE:CNX) opened at 19.72 on Thursday. The firm’s market capitalization is $4.52 billion. The firm’s 50-day moving average is $18.33 and its 200 day moving average is $15.97. Consol Energy has a 12 month low of $4.54 and a 12 month high of $20.66.
Consol Energy (NYSE:CNX) last issued its quarterly earnings results on Tuesday, July 26th. The company reported ($0.21) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.19) by $0.02. Consol Energy had a negative return on equity of 3.31% and a negative net margin of 17.27%. The company had revenue of $285.80 million for the quarter, compared to analysts’ expectations of $566.84 million. During the same quarter in the previous year, the business earned ($0.37) EPS. The company’s revenue for the quarter was down 47.6% on a year-over-year basis. On average, analysts expect that Consol Energy will post ($0.45) EPS for the current fiscal year.
A number of hedge funds and other institutional investors have recently bought and sold shares of CNX. Advisor Group Inc. acquired a new position in Consol Energy during the second quarter worth approximately $105,000. Bank of Montreal Can purchased a new stake in Consol Energy during the second quarter worth $109,000. DekaBank Deutsche Girozentrale purchased a new stake in Consol Energy during the second quarter worth $117,000. Creative Planning boosted its stake in Consol Energy by 48.4% in the third quarter. Creative Planning now owns 7,215 shares of the company’s stock worth $139,000 after buying an additional 2,354 shares in the last quarter. Finally, Gargoyle Investment Advisor L.L.C. purchased a new stake in Consol Energy during the second quarter worth $166,000.
Consol Energy Company Profile